This post originally appeared on FloatingPath
Local U.S. governments lack oversight, and this has led to some individual states or cities behaving less than responsibly with their budgets. The story of Harrisburg, Pennsylvania’s financial catastrophe is a shining beacon of what can go wrong when local governments have too much power.
As Bloomberg maps out, some states have considerably more governing bodies than others. These additional layers of overhead are dead-weight more often than not.
Electron Capital Partners' flagship Electron Global Fund returned 5.1% in the first quarter of 2021, outperforming its benchmark, the MSCI World Utilities Index by 5.2%. Q1 2021 hedge fund letters, conferences and more According to a copy of the fund's first-quarter letter to investors, the average net exposure during the quarter was 43.0%. At the Read More